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US stocks see biggest drop since Aug: Aus shares 0.2% lower at noon

31 Jan 2018 – Market at Midday: The Australian share market dived at the open, falling for the second day in row on the back of Wall Street’s negative leads on fears higher interest rates could dampen markets, but the ASX is startinng to claw back. Property, telcos and health stocks rise with Sirtex Medical (ASX:SRX) up 45 per cent. Infigen Energy (ASX:IFN) reported a two per cent jump in its 2018 half financial year revenue. QBE Insurance (ASX:QBE) has had their financial strength rating affirmed and its shares rise. Virgin Australia (ASX:VAH) has appointed Hong Kong Airlines International’s joint board chairman.


Source: Finance News Network

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